Cigna Balance Sheet Analysis From 2010 to 2024

CI Stock

USD 353.18 0.79 0.22%

Most indicators from Cigna Corp's financial ratios are interrelated and interconnected. However, analyzing financial ratios indicators one by one will only give a small insight into Cigna Corp current financial condition. On the other hand, looking into the entire matrix of financial ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Cigna Corp Valuation and Cigna Corp Correlation analysis.

For more detail on how to invest in Cigna Stock please use our How to Invest in Cigna Corp guide.

As of now, Cigna Corp's Enterprise Value Multiple is increasing as compared to previous years. The Cigna Corp's current Enterprise Value is estimated to increase to about 120.7 B, while Selling General Administrative is projected to decrease to under 10.2 B.

Most indicators from Cigna Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cigna Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Cigna Corp Valuation and Cigna Corp Correlation analysis.

For more detail on how to invest in Cigna Stock please use our How to Invest in Cigna Corp guide.As of now, Cigna Corp's Enterprise Value Multiple is increasing as compared to previous years. The Cigna Corp's current Enterprise Value is estimated to increase to about 120.7 B, while Selling General Administrative is projected to decrease to under 10.2 B.

	2021	2022	2023	2024 (projected)
Gross Profit	140.7B	148.4B	158.9B	166.8B
Total Revenue	174.3B	180.6B	195.2B	204.9B

Gross Profit Total Revenue

Cigna Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Retained Earnings	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Liabilities	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Short Term Investments	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Cash	Good Will	Common Stock Total Equity
Total Assets		0.94	0.93	0.94	0.66	0.66	0.01	0.79	0.87	0.99	0.46	0.93	0.88	0.93	0.05	0.77	-0.23	-0.6	0.9	-0.59	0.9	0.95	0.58	0.66	0.94	-0.94
Short Long Term Debt Total	0.94		0.97	0.99	0.72	0.63	0.0	0.9	0.87	0.97	0.61	0.99	0.96	0.93	0.1	0.84	-0.26	-0.5	0.97	-0.45	0.93	0.99	0.57	0.7	0.98	-0.97
Total Stockholder Equity	0.93	0.97		0.93	0.85	0.57	0.02	0.88	0.78	0.94	0.68	0.98	0.98	0.9	0.13	0.91	-0.29	-0.6	0.98	-0.57	0.91	0.97	0.52	0.81	0.99	-0.98
Net Debt	0.94	0.99	0.93		0.65	0.67	0.02	0.87	0.89	0.96	0.55	0.97	0.92	0.92	0.09	0.8	-0.21	-0.47	0.95	-0.41	0.92	0.98	0.55	0.59	0.96	-0.95
Retained Earnings	0.66	0.72	0.85	0.65		0.26	-0.08	0.72	0.33	0.67	0.78	0.77	0.86	0.63	0.09	0.93	-0.38	-0.47	0.84	-0.53	0.65	0.74	0.13	0.82	0.82	-0.8
Other Assets	0.66	0.63	0.57	0.67	0.26		0.3	0.55	0.71	0.68	0.24	0.61	0.55	0.48	0.38	0.4	0.27	-0.28	0.57	-0.08	0.61	0.64	0.45	0.3	0.59	-0.64
Common Stock Shares Outstanding	0.01	0.0	0.02	0.02	-0.08	0.3		0.03	0.12	0.03	-0.03	-0.02	0.07	-0.04	0.91	-0.07	0.89	-0.4	-0.01	-0.11	0.17	0.09	-0.15	0.06	0.05	-0.07
Non Current Liabilities Total	0.79	0.9	0.88	0.87	0.72	0.55	0.03		0.73	0.83	0.82	0.91	0.93	0.73	0.19	0.8	-0.22	-0.25	0.92	-0.29	0.82	0.89	0.49	0.72	0.89	-0.88
Other Stockholder Equity	0.87	0.87	0.78	0.89	0.33	0.71	0.12	0.73		0.89	0.31	0.84	0.72	0.84	0.12	0.53	-0.08	-0.5	0.76	-0.37	0.86	0.86	0.77	0.47	0.8	-0.81
Total Liab	0.99	0.97	0.94	0.96	0.67	0.68	0.03	0.83	0.89		0.5	0.96	0.9	0.94	0.09	0.79	-0.21	-0.58	0.93	-0.55	0.92	0.97	0.58	0.66	0.96	-0.95
Total Current Liabilities	0.46	0.61	0.68	0.55	0.78	0.24	-0.03	0.82	0.31	0.5		0.68	0.78	0.37	0.2	0.79	-0.25	-0.06	0.75	-0.16	0.58	0.6	0.27	0.7	0.66	-0.66
Property Plant And Equipment Net	0.93	0.99	0.98	0.97	0.77	0.61	-0.02	0.91	0.84	0.96	0.68		0.97	0.9	0.09	0.89	-0.3	-0.51	0.99	-0.48	0.93	0.98	0.58	0.73	0.99	-0.98
Non Current Assets Total	0.88	0.96	0.98	0.92	0.86	0.55	0.07	0.93	0.72	0.9	0.78	0.97		0.84	0.21	0.92	-0.22	-0.48	0.99	-0.46	0.89	0.96	0.43	0.8	0.98	-0.97
Non Currrent Assets Other	0.93	0.93	0.9	0.92	0.63	0.48	-0.04	0.73	0.84	0.94	0.37	0.9	0.84		-0.03	0.72	-0.33	-0.67	0.86	-0.63	0.88	0.93	0.57	0.65	0.91	-0.88
Cash And Short Term Investments	0.05	0.1	0.13	0.09	0.09	0.38	0.91	0.19	0.12	0.09	0.2	0.09	0.21	-0.03		0.07	0.85	-0.27	0.12	0.09	0.17	0.19	-0.13	0.25	0.15	-0.18
Net Receivables	0.77	0.84	0.91	0.8	0.93	0.4	-0.07	0.8	0.53	0.79	0.79	0.89	0.92	0.72	0.07		-0.34	-0.46	0.93	-0.46	0.75	0.84	0.29	0.71	0.9	-0.9
Short Term Investments	-0.23	-0.26	-0.29	-0.21	-0.38	0.27	0.89	-0.22	-0.08	-0.21	-0.25	-0.3	-0.22	-0.33	0.85	-0.34		-0.05	-0.29	0.28	-0.16	-0.18	-0.31	-0.26	-0.24	0.2
Other Current Assets	-0.6	-0.5	-0.6	-0.47	-0.47	-0.28	-0.4	-0.25	-0.5	-0.58	-0.06	-0.51	-0.48	-0.67	-0.27	-0.46	-0.05		-0.48	0.82	-0.63	-0.58	-0.3	-0.53	-0.59	0.57
Property Plant And Equipment Gross	0.9	0.97	0.98	0.95	0.84	0.57	-0.01	0.92	0.76	0.93	0.75	0.99	0.99	0.86	0.12	0.93	-0.29	-0.48		-0.46	0.9	0.97	0.49	0.76	0.99	-0.98
Total Current Assets	-0.59	-0.45	-0.57	-0.41	-0.53	-0.08	-0.11	-0.29	-0.37	-0.55	-0.16	-0.48	-0.46	-0.63	0.09	-0.46	0.28	0.82	-0.46		-0.61	-0.5	-0.23	-0.51	-0.53	0.5
Short Term Debt	0.9	0.93	0.91	0.92	0.65	0.61	0.17	0.82	0.86	0.92	0.58	0.93	0.89	0.88	0.17	0.75	-0.16	-0.63	0.9	-0.61		0.94	0.61	0.66	0.92	-0.92
Intangible Assets	0.95	0.99	0.97	0.98	0.74	0.64	0.09	0.89	0.86	0.97	0.6	0.98	0.96	0.93	0.19	0.84	-0.18	-0.58	0.97	-0.5	0.94		0.54	0.73	0.99	-0.98
Accounts Payable	0.58	0.57	0.52	0.55	0.13	0.45	-0.15	0.49	0.77	0.58	0.27	0.58	0.43	0.57	-0.13	0.29	-0.31	-0.3	0.49	-0.23	0.61	0.54		0.45	0.49	-0.5
Cash	0.66	0.7	0.81	0.59	0.82	0.3	0.06	0.72	0.47	0.66	0.7	0.73	0.8	0.65	0.25	0.71	-0.26	-0.53	0.76	-0.51	0.66	0.73	0.45		0.76	-0.73
Good Will	0.94	0.98	0.99	0.96	0.82	0.59	0.05	0.89	0.8	0.96	0.66	0.99	0.98	0.91	0.15	0.9	-0.24	-0.59	0.99	-0.53	0.92	0.99	0.49	0.76		-0.99
Common Stock Total Equity	-0.94	-0.97	-0.98	-0.95	-0.8	-0.64	-0.07	-0.88	-0.81	-0.95	-0.66	-0.98	-0.97	-0.88	-0.18	-0.9	0.2	0.57	-0.98	0.5	-0.92	-0.98	-0.5	-0.73	-0.99

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Cigna Corp Account Relationship Matchups

Cigna Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	155.8B	155.5B	154.9B	143.9B	147.9B	89.0B
Net Debt	32.8B	22.7B	28.6B	25.2B	23.7B	24.8B
Retained Earnings	20.2B	28.6B	32.6B	37.9B	41.7B	43.7B
Other Assets	47.9B	41.2B	44.0B	32.2B	37.0B	23.6B
Total Liab	110.4B	105.1B	107.7B	99.0B	101.6B	74.9B
Net Receivables	15.8B	17.4B	20.1B	22.0B	23.7B	24.9B
Other Current Assets	11.8B	2.3B	12.3B	2.2B	37.4B	27.7B
Total Current Assets	21.4B	28.9B	26.1B	28.8B	37.4B	48.7B
Short Term Debt	5.5B	3.4B	2.5B	3.0B	2.9B	3.0B
Intangible Assets	36.6B	35.2B	34.1B	32.5B	30.9B	32.4B
Accounts Payable	15.5B	18.8B	6.7B	7.8B	8.6B	8.5B
Cash	4.6B	10.2B	5.1B	5.9B	7.8B	8.2B
Good Will	44.5B	44.6B	44.6B	45.8B	44.3B	46.5B
Other Liab	37.9B	39.5B	33.0B	29.3B	26.4B	29.0B
Long Term Debt	31.8B	29.5B	31.1B	28.0B	28.2B	29.6B
Treasury Stock	(2.2B)	(6.4B)	(14.2B)	(21.8B)	(19.7B)	(18.7B)
Inventory	2.7B	3.2B	3.7B	4.8B	5.6B	5.9B
Other Current Liab	(21.1B)	(22.2B)	(9.2B)	(10.8B)	37.3B	39.1B
Net Tangible Assets	(35.8B)	(29.4B)	(32.8B)	(33.4B)	(30.0B)	(28.5B)

Pair Trading with Cigna Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cigna Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cigna Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against Cigna Stock

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0.7	TFX	Teleflex Incorporated Financial Report 2nd of May 2024	Pair Corr
0.68	FIGS	Figs Inc Financial Report 2nd of May 2024	Pair Corr

The ability to find closely correlated positions to Cigna Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cigna Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cigna Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cigna Corp to buy it.

The correlation of Cigna Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cigna Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cigna Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Cigna Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Cigna Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cigna Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cigna Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cigna Corp Stock:

How To Invest In Cigna

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Is Cigna Stock a good investment?

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What is Cigna Corp's Net Worth?

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Largest Health Care Providers & Services Companies

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Check out Cigna Corp Valuation and Cigna Corp Correlation analysis.

For more detail on how to invest in Cigna Stock please use our How to Invest in Cigna Corp guide.

You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Complementary Tools for Cigna Stock analysis

When running Cigna Corp's price analysis, check to measure Cigna Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cigna Corp is operating at the current time. Most of Cigna Corp's value examination focuses on studying past and present price action to predict the probability of Cigna Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cigna Corp's price. Additionally, you may evaluate how the addition of Cigna Corp to your portfolios can decrease your overall portfolio volatility.

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Is Cigna Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cigna Corp. If investors know Cigna will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cigna Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.10)

Dividend Share

4.92

Earnings Share

17.37

Revenue Per Share

664.145

Quarterly Revenue Growth

0.116

The market value of Cigna Corp is measured differently than its book value, which is the value of Cigna that is recorded on the company's balance sheet. Investors also form their own opinion of Cigna Corp's value that differs from its market value or its book value, called intrinsic value, which is Cigna Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cigna Corp's market value can be influenced by many factors that don't directly affect Cigna Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Cigna Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cigna Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cigna Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Cigna Balance Sheet Analysis From 2010 to 2024

Cigna Corp fundamental ratios Correlations

Cigna Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cigna Corp fundamental ratios Accounts

Pair Trading with Cigna Corp

Moving against Cigna Stock

Complementary Tools for Cigna Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.99	Short Long Term Debt Total
Intangible Assets	+ 0.99	Short Long Term Debt Total
Good Will	+ 0.99	Total Stockholder Equity
Property Plant And Equipment Gross	+ 0.99	Property Plant And Equipment Net

Common Stock Total Equity	- 0.99	Good Will
Common Stock Total Equity	- 0.98	Intangible Assets
Common Stock Total Equity	- 0.98	Property Plant And Equipment Gross
Common Stock Total Equity	- 0.98	Property Plant And Equipment Net
Common Stock Total Equity	- 0.98	Total Stockholder Equity
Common Stock Total Equity	- 0.97	Non Current Assets Total